SAN FRANCISCO — Twitter is reporting a loss of $21.1 million in its third quarter, but turned in a better-than-expected profit when one-time charges and benefits are removed.

Shares of Twitter Inc. soared almost 9 percent before the opening bell Thursday.

The San Francisco company had a loss of 3 cents, but a gain of 10 cents if those non-re-occurring events are removed. That’s 2 cents better than industry analysts had predicted, according to a survey by Zacks Investment Research.

Revenue was revenue of $589.6 million in the period, in line with expectations.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.